2020-04-14T18:17:49-05:00 2019-05-31 BKD LLP 14241 DALLAS PARKWAY SUITE 1100 DALLAS TX 75254 990 2018-06-01 750926755 University of Dallas % TRACY ARMATO UNIV 9727215000 1845 E Northgate Dr Irving TX 75062 ROBERT WATLING CFO 9727215236 2020-04-15 true Jeanette Verrelli P00742631 9727028262 167.68.126.162 75465920201055000048 2020-04-14 P C5757FC299940BA93EAFDD5F92EF5E911BC2B192 EB976710118F518B8933A72D91D1D85239D99EDA 2018 2020-11-19 02:30:22Z THOMAS HIBBS 1845 E Northgate Dr Irving TX 75062 97488642 false X www.udallas.edu X 1956 TX THE UNIVERSITY OF DALLAS IS DEDICATED TO THE PURSUIT OF WISDOM, OF TRUTH, AND OF VIRTUE AS THE PROPER AND PRIMARY ENDS OF EDUCATION. (CONTINUED ON SCH. O...) 36 35 1405 300 101674 43292 6323205 5185923 85111250 88608078 5987615 3356995 16849607 279062 114271677 97430058 35958987 38634690 0 0 37724663 38046423 0 0 1918842 23363914 24094510 97047564 100775623 17224113 -3345565 177422060 171119279 38607596 38190948 138814464 132928331 X THE UNIVERSITY OF DALLAS IS DEDICATED TO THE PURSUIT OF WISDOM, OF TRUTH, AND OF VIRTUE AS THE PROPER AND PRIMARY ENDS OF EDUCATION. THE UNIVERSITY SEEKS TO EDUCATE ITS STUDENTS SO THEY MAY DEVELOP THE INTELLECTUAL AND MORAL VIRTUES, PREPARE THEMSELVES FOR LIFE AND WORK IN A PROBLEMATIC AND CHANGING WORLD, AND BECOME LEADERS ABLE TO ACT RESPONSIBLY FOR THEIR OWN GOOD AND FOR THE GOOD OF THEIR FAMILY, COMMUNITY, COUNTRY, AND CHURCH. false false 7306403 299986 13514024 THE SATISH & YASMIN GUPTA COLLEGE OF BUSINESS IS A PROFESSIONAL SCHOOL WHOSE PRIMARY PURPOSE IS TO PREPARE ITS STUDENTS TO BECOME COMPETENT AND RESPONSIBLE MANAGERS WHO ARE PRINCIPLED AND MORAL LEADERS. TO ACCOMPLISH THIS PURPOSE, WE SELECT AND RETAIN A DIVERSE AND TALENTED FACULTY AND STAFF. WE ENCOURAGE OUR FACULTY TO ENGAGE IN REAL WORLD PRACTICES THAT SUPPORT THEIR TEACHING AND RESEARCH AGENDAS. OUR FACULTY EMPHASIZE TEACHING AND LEARNING AND ENGAGE IN BASIC, APPLIED, AND PEDAGOGICAL RESEARCH. 62405683 37171252 70335132 THE CONSTANTIN COLLEGE OF LIBERAL ARTS SEEKS TO EDUCATE STUDENTS OF SERIOUSNESS, INTELLIGENCE AND SPIRIT IN ACCORDANCE WITH THE FUNDAMENTAL MISSION OF THE UNIVERSITY OF DALLAS - THE SPECIFIC MISSION OF THE CONSTANTIN COLLEGE IS TO PROVIDE UNDERGRADUATE EDUCATION THROUGH BACCALAUREATE DEGREE PROGRAMS WHICH INCLUDE A SUBSTANTIAL AND COHERENT CORE CURRICULUM COMMON TO ALL UNDERGRADUATES AND MAJOR STUDIES IN THE HUMANITIES AND SCIENCES PROPER TO LIBERAL LEARNING. THE CORE CURRICULUM EMPHASIZES THE STUDY OF THE GREAT DEEDS AND WORKS OF WESTERN CIVILIZATION, BOTH ANCIENT AND MODERN...(CONTINUED ON SCHEDULE O) 1663794 976542 2121567 The Braniff Graduate School seeks to accomplish at the highest level the universitys commitment to the revival of the Western heritage of liberal education, the recovery of the Christian intellectual tradition and the renewal of Catholic theology in fidelity to the Church and in constructive dialogue with the modern world. Its specific purpose is to offer selected masters and doctoral programs in the liberal arts which recall these disciplines to their first principles and which will prepare students for careers in a variety of fields....(CONTINUED ON SCHEDULE O) 2008033 61718 1776605 NEUHOFF SCHOOL OF MINISTRY 8734888 125192 860750 OTHER 10742921 186910 2637355 82118801 true true false false false false false false false true true true false false true true true false true true true false false false true false false true true true true false false false false false false true false false false true false false false false false false false false true 242 0 1405 true true true true IT false false false true true false false false false false false X 36 35 false false false false false false false true true false false true true true true true true true true false NH X TRACY ARMATO 9727215841 1845 EAST NORTHGATE DR Irving TX 75062 X John Plotts Interim President 40.0 0.0 X X 278952 0 47298 Thomas Zellers Chairman 1.0 0.0 X X 0 0 0 Edward Bishop Burns Chancellor 1.0 0.0 X X 0 0 0 LEN RUBY SECRETARY 1.0 0.0 X X 0 0 0 ANDREW FARLEY NAB PRESIDENT 1.0 0.0 X X 0 0 0 Charlie Baumann TRUSTEE 1.0 0.0 X 0 0 0 Win Bell TRUSTEE 1.0 0.0 X 0 0 0 Barry Clark TRUSTEE 1.0 0.0 X 0 0 0 Michael Bishop Duca TRUSTEE 1.0 0.0 X 0 0 0 Kevin Cardinal Farrell TRUSTEE 1.0 0.0 X 0 0 0 Louis Grabowsky TRUSTEE 1.0 0.0 X 0 0 0 Patrick Haggerty TRUSTEE 1.0 0.0 X 0 0 0 Kevin Hasson TRUSTEE 1.0 0.0 X 0 0 0 Gregory Hoelscher TRUSTEE 1.0 0.0 X 0 0 0 Richard Husseini TRUSTEE 1.0 0.0 X 0 0 0 Cary Hyden TRUSTEE 1.0 0.0 X 0 0 0 William Keffler TRUSTEE 1.0 0.0 X 0 0 0 Annmarie Kelly TRUSTEE 1.0 0.0 X 0 0 0 Greg Bishop Kelly TRUSTEE 1.0 0.0 X 0 0 0 Mike Magusiak TRUSTEE 1.0 0.0 X 0 0 0 Mary Manning TRUSTEE 1.0 0.0 X 0 0 0 Randall Muck TRUSTEE 1.0 0.0 X 0 0 0 Thomas Nealon TRUSTEE 1.0 0.0 X 0 0 0 Joseph Neuhoff TRUSTEE 1.0 0.0 X 0 0 0 Terry O'Halloran TRUSTEE 1.0 0.0 X 0 0 0 Tan Parker TRUSTEE 1.0 0.0 X 0 0 0 Laura Felis Quinn TRUSTEE 1.0 0.0 X 0 0 0 Mary Ritter TRUSTEE 1.0 0.0 X 0 0 0 Paul Rydberg TRUSTEE 1.0 0.0 X 0 0 0 Mark Bishop Seitz TRUSTEE 1.0 0.0 X 0 0 0 Nicholas Serafy Jr TRUSTEE 1.0 0.0 X 0 0 0 Megan Smith TRUSTEE 1.0 0.0 X 0 0 0 Patrick Stark TRUSTEE 1.0 0.0 X 0 0 0 Bridgett Wagner TRUSTEE 1.0 0.0 X 0 0 0 Julie Weber TRUSTEE 1.0 0.0 X 0 0 0 Jean White TRUSTEE 1.0 0.0 X 0 0 0 JONATHAN SANFORD Provost 40.0 0.0 X 217241 0 48648 BRIAN MURRAY VP/CFO 40.0 0.0 X 205731 0 24518 KARIN RILLEY VP Legal and Board SERVICES 40.0 0.0 X 247350 0 29726 JOAN CANTY VP Advancement 40.0 0.0 X 193184 0 15994 BRETT LANDRY Dean College of Business 40.0 0.0 X 217392 0 49085 SALLY HICKS Dean Constantin College 40.0 0.0 X 182796 0 39050 PETER HATLIE VP/DEAN ROME CAMPUS 40.0 0.0 X 177197 0 31437 JOSHUA PARENS Dean Braniff 40.0 0.0 X 110547 0 40348 THEODORE WHAPMAN Dean School of MinistrY 40.0 0.0 X 111660 0 32288 LEONARD ROBERTSON AVP OF ADMIN & FINANCE 40.0 0.0 X 123157 0 20269 KATHERINE MCGRAW Registrar 40.0 0.0 X 70035 0 13788 SRINATH BELDONA Professor, Management, COB 40.0 0.0 X 205400 0 43197 JAMES WHITTINGTON Professor, Management, COB 40.0 0.0 X 158906 0 38546 JOHN NORRIS Associate Provost 40.0 0.0 X 142624 0 19468 GREG BELL Associate Professor, COB 40.0 0.0 X 141995 0 9627 RICHARD MILLER Associate Professor, Ops Mgmt, 40.0 0.0 X 134868 0 17680 THOMAS KEEFE Former President 0.0 0.0 X 804518 0 18752 3723553 0 539719 44 true true false ARAMARK CORPORATION 27310 NETWORK PL CHICAGO IL 606731273 FOOD SERVICES 3653034 HILL WILKINSON CONSTRUCTION GROUP 2703 TELECOM PKWY STE 120 RICHARDSON TX 750823555 CONTRACTOR 1627441 EAB GLOBAL INC PO BOX 603519 CHARLOTTE NC 282603519 STUDENT MARKETING 612167 JDC BUSINESS CORP PO BOX 117191 CARROLLTON TX 750117191 CAMPUS HOUSEKEEPING 474611 ELLUCIAN COMPANY LP 62578 COLLECTION CENTER DR CHICAGO IL 606930625 BANNER HOSTING 411924 23 86303 1679395 3420225 43540 5185923 Tuition and Fees 611310 77516225 77516225 Auxiliary Activities 611710 11091853 11091853 88608078 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56984487 58826000 86904 -1408001 319532 2568267 381225 54235879 55337370 256000 4113975 386113 -136113 631345 58826000 0.40210 0.59790 true false 4844225 4844225 110787673 50592218 60195455 15611152 8094683 7516469 7048916 4569356 2479560 12123389 10062169 2061220 77096929 Funds Held in Trust 7047 F INVESTMENT HEDGE FUNDS 8963378 F 8970425 0 Refundable Student Deposits 1652435 US Govt Refundable Advances 2713228 4365663 X 56525706 -2101105 -38452846 -40553951 97079657 336668 13733 350401 97430058 62411841 425732 425732 61986109 336668 38452846 38789514 100775623 SCHEDULE D, PART X, LINE 2 LIABILITY FOR UNCERTAIN TAX POSITIONS: THE UNIVERSITY OF DALLAS AUDITED FINANCIAL STATEMENTS ARE PREPARED ON A CONSOLIDATED BASIS FOR THE FISCAL YEAR ENDED MAY 31, 2018 AND INCLUDE THE UNIVERSITY OF DALLAS AND UD PROPERTY MANAGEMENT CORPORATION. UD PROPERTY MANAGEMENT CORPORATION WAS DISSOLVED IN FISCAL YEAR 2018. AS OF FISCAL YEAR 2019, THE UNIVERSITY FINANCIALS ARE REPORTED ON A SEPARATE BASIS AND THEREFORE SCHEDULE D, PART XI AND PART XII ARE COMPLETED ACCORDINGLY. DUE TO PRIOR REPORTING, NOTE 1 TO THE FINANCIAL STATEMENTS AS REPRINTED BELOW INCLUDES REFERENCES TO BOTH ENTITIES. The University is recognized as exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code (IRC). The University may be subject to federal and state income taxes on any net income from unrelated business activities. The University files a Form 990 (Return of Organization Exempt from Income Tax) annually and unrelated business income tax Form 990-T, as appropriate. Management has evaluated their material tax positions, which include such matters as the tax-exempt status of each entity and various positions relative to potential sources of unrelated business income tax (UBIT). For the fiscal year ended May 31, 2019, the University estimates its UBIT tax to be approximately $4,000 and has made tax deposits to cover the estimated tax. For the fiscal year ended May 31, 2018, $0 was owed for UBIT. As of May 31, 2019 and 2018, there were no uncertain tax positions that had not been recognized as a liability. Forms 990 and 990-T filed by the University and UDPMC are no longer subject to examination by the Internal Revenue Service for the fiscal years ended May 31, 2015 and prior. SCHEDULE D, PART V, LINE 4 INTENDED USE OF ORGANIZATION'S ENDOWMENT FUNDS: THE INTENDED USE OF THE UNIVERSITY'S ENDOWMENT FUNDS IS TO SUPPORT THE INSTITUTION'S LONG TERM MISSION BY PROVIDING THE FINANCIAL STRENGTH NECESSARY TO CARRY OUT THE MISSION'S OPERATIONS. SCHEDULE D, PART XI, LINE 2D RECONCILIATION OF REVENUE PER AUDITED FINANCIALS WITH RETURN: SCHOLARSHIPS $(38,452,846) SCHEDULE D, PART XI, LINE 4B RECONCILIATION OF REVENUE PER AUDITED FINANCIALS WITH RETURN: FUNDRAISING EXPENSES $(47,584) PASS-THROUGH INCOME FROM K-1 $ 72,317 DIRECT RENT EXPENSES $(11,000) --------- TOTAL $13,733 SCHEDULE D, PART XII, LINE 2D RECONCILIATION OF EXPENSES PER AUDITED FINANCIALS WITH RETURN: FUNDRAISING EXPENSES $47,584 BOND SWAP LOSS $367,148 DIRECT RENT EXPENSES $11,000 ------------- TOTAL $425,732 SCHEDULE D, PART XII, LINE 4B RECONCILIATION OF EXPENSES PER AUDITED FINANCIALS WITH RETURN: SCHOLARSHIPS $38,452,846 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 EXPLANATION OF NONDISCRIMINATION POLICY: PURSUANT TO REV. PROC. 75-50, THE UNIVERSITY IS NOT REQUIRED TO USE THE NEWSPAPER. HOWEVER, THE NONDISCRIMINATORY POLICY IS PUBLISHED ON ITS WEBSITE WHICH WE VIEW AS A BROADCAST MEDIA THAT SERVES THE GENERAL PUBLIC. IN ADDITION THE POLICY IS PROMOTED DURING STUDENT SOLICITATION TRIPS BY THE OFFICE OF ADMISSIONS WHEN THE SUBJECT IS RAISED. FINALLY THE GENERAL PUBLIC IS AWARE OF THE UNIVERSITY'S RACIAL NONDISCRIMINATION POLICY BECAUSE OF THE UNIVERSITY'S CLOSE ASSOCIATION WITH THE DIOCESE OF DALLAS. DATA IS AVAILABLE UPON REQUEST. SCHEDULE E, PART I, LINE 6A EXPLANATION OF GOVERNMENT FINANCIAL AID: THE UNIVERSITY RECEIVED ASSISTANCE FOR STUDENT FINANCIAL AID FROM THE US DEPARTMENT OF EDUCATION IN THE FORM OF: SUBSIDIZED AND UNSUBSIDIZED DIRECT LOANS, PARENTS AND GRADUATE PLUS LOANS, COLLEGE WORK STUDY, SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS (SEOG) AND PELL GRANTS. ADDITIONAL ASSISTANCE WAS RECEIVED FROM THE TEXAS HIGHER EDUCATION COORDINATION BOARD IN THE FORM OF TEXAS EQUALIZATION GRANTS AND COLLEGE ACCESS LOANS. TSBPA SCHOLARSHIPS ARE PROVIDED FOR THE FIFTH YEAR ACCOUNTING STUDENTS NEEDING FINANCIAL ASSISTANCE. SCHEDULE E, PART I, LINE 2 STATEMENT OF RACIALLY NONDISCRIMINATORY POLICY: THE UNIVERSITY IS RACIALLY NONDISCRIMINATORY TOWARD ALL STUDENTS IN ACCORDANCE WITH ITS MISSION AND CORE PRINCIPLES. THE POLICY IS POSTED ON KEY RECRUITING PIECES SUCH AS THE VIEW BOOK, THE WEBSITE, THE STUDENT HANDBOOK, THE UNIVERSITY CATALOG AS WELL AS THE COMMON APPLICATION AND APPLY TEXAS PROGRAM. Europe (Including Iceland and Greenland) 1 21 Program Services ROME CAMPUS 1286045 Central America and the Caribbean Investments 3126745 Europe (Including Iceland and Greenland) Unrelated Trade or Business 71491 1 21 1 21 4484281 4484281 false false false true false false GOLF TOURNAMENT 117924 86303 31621 15630 12124 14712 5118 0 117924 86303 31621 15630 12124 14712 5118 47584 -15963 true RAYS OF LIGHT WHERE SPECIAL CHILDREN SHINE 9200 INWOOD RD DALLAS TX 752203901 270491613 501(C)(3) 9864 SUPPORT GUIDE DOGS OF TEXAS 1503 ALLENA DR SAN ANTONIO TX 782134172 742530268 501(C)(3) 9864 SUPPORT 2 SCHOLARSHIP - UD AWARDS 2929 35816951 SCHOLARSHIP - TEG GRANTS 351 1224336 SCHOLARSHIP - NATIONAL MERIT 39 1445211 SCHOLARSHIP - S EOG GRANT 108 124250 SCHEDULE I, PART I, LINE 2 PROCEDURE FOR MONITORING USE OF GRANTS: ALL GRANT FUNDS ARE DETERMINED AND AWARDED BY THE OFFICE OF ENROLLMENT MANAGEMENT AND STUDENT FINANCIAL AID CONSISTENT WITH THE UNIVERSITY'S POLICIES AS WELL AS FEDERAL AND STATE GUIDELINES. GRANTEES MUST MAINTAIN PREDETERMINED ACADEMIC LEVELS IN ORDER TO QUALIFY FOR SUBSEQUENT GRANTS. THE SCHOOL HAS AN ANNUAL CHARITY WEEK WHERE STUDENTS RAISE FUNDS AND VOTE ON ORGANIZATIONS TO GIVE DONATIONS. THE UNIVERSITY DOES NOT MONITOR ANY USE OF THE ASSISTANCE GIVEN TO THE CHOSEN ORGANIZATIONS. THE PURPOSE OF CHARITY WEEK IS TO TEACH THE STUDENTS THE VALUE OF GIVING TO CHARITIES THEY BELIEVE ARE WORTH GIVING ASSISTANCE. X X X true true X X X X true false false false false false false false false John Plotts Interim President 276024 0 0 0 2928 0 19250 0 28507 0 326709 0 JONATHAN SANFORD Provost 217181 0 0 0 60 0 15438 0 33668 0 266347 0 BRIAN MURRAY VP/CFO 181123 0 0 0 24608 0 12959 0 12783 0 231473 0 KARIN RILLEY VP Legal and Board SERVICES 246732 0 0 0 618 0 10100 0 20196 0 277646 0 JOAN CANTY VP Advancement 185086 0 0 0 8098 0 13155 0 6043 0 212382 0 BRETT LANDRY Dean College of Business 217254 0 0 0 138 0 14949 0 36515 0 268856 0 SALLY HICKS Dean Constantin College 182601 0 0 0 195 0 13342 0 26162 0 222300 0 PETER HATLIE VP/DEAN ROME CAMPUS 143199 0 0 0 33998 0 10443 0 22868 0 210508 0 JOSHUA PARENS Dean Braniff 110289 0 0 0 258 0 6973 0 33944 0 151464 0 SRINATH BELDONA Professor, Management, COB 178262 0 0 0 27138 0 10299 0 33358 0 249057 0 JAMES WHITTINGTON Professor, Management, COB 158510 0 0 0 396 0 10400 0 30413 0 199719 0 JOHN NORRIS Associate Provost 142344 0 0 0 280 0 10154 0 10717 0 163495 0 GREG BELL Associate Professor, COB 141905 0 0 0 90 0 9627 0 460 0 152082 0 RICHARD MILLER Associate Professor, Ops Mgmt, 134778 0 0 0 90 0 7683 0 10369 0 152920 0 THOMAS KEEFE Former President 512643 0 0 0 291875 0 9844 0 11159 0 825521 0 SCHEDULE J, PART I, LINE 1A BENEFITS PROVIDED TO PERSONS LISTED ON THE 990: THE UNIVERSITY, AS PART OF ITS EXECUTIVE COMPENSATION PROCESS, HAS AGREED TO PAY CERTAIN COSTS SUCH AS HOUSING, AUTOMOBILE AND SOCIAL CLUB DUES AND INCLUDES THESE PAYMENTS IN THE EXECUTIVE'S COMPENSATION AS TAXABLE INCOME. THE INDIVIDUALS AUTHORIZED TO RECEIVE SUCH PAYMENTS ARE ISOLATED TO SENIOR OFFICERS SUCH AS THE PRESIDENT, EXECUTIVE VICE PRESIDENT EXTERNAL AFFAIRS, VICE PRESIDENT OF ADVANCEMENT AND VICE PRESIDENT STUDENT ENROLLMENT. The University owned a residence which was used for scheduled University events, fundraising activities and other key meetings involving University officials, trustees and guests. As a convenience to the University, the former president lived in the residence and paid the University rent based on the fair market value of the rental space discounted for scheduled University usage. The property was sold in December 2019. THE UNIVERSITY PROVIDED A PERSONAL TRAINER FOR THE PRESIDENT AND INCLUDED THE PAYMENTS IN THE PRESIDENT'S TAXABLE COMPENSATION. SCHEDULE J, PART I, LINE 4A SEVERANCE PAYMENT: THOMAS KEEFE RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $218,748 IN CALENDAR YEAR 2018. THE TERMS OF THE SEVERANCE AGREEMENT INCLUDED A SCHEDULE OF PAYMENTS TO BE MADE UPON SEPARATION FROM THE UNIVERSITY, TIMING TO MOVE OUT OF UNIVERSITY HOUSING, AND A GENERAL RELEASE AND WAIVER OF CLAIMS. A METROPOLITAN HIGHER EDUCATION AUTHORITY INC 752714188 XXXXXXXXX 2015-10-15 14160000 METROPOLITAN HIGHER EDUCATIONAL AU false false false A 1270000 0 14160000 0 0 0 173504 0 0 13986496 0 0 2010 true false true true A false false false false 0 false false false false A false true false false true true JP MORGAN CHASE 9.8 true false false 0 false false A false SCHEDULE K, PART I REFINANCED BONDS: SERIES 2008 REVENUE BOND ISSUE DATE 8/14/2008 SCHEDULE K, PART III, PART IV, LINE 7 & PART V POLICIES & PROCEDURES: THE UNIVERSITY IS IN THE PROCESS OF CREATING WRITTEN PROCEDURES TO MONITOR THE REQUIREMENTS OF SECTION 148 AND TO ENSURE THAT VIOLATIONS OF FEDERAL TAX REQUIREMENTS ARE IDENTIFIED AND CORRECTED IN A TIMELY MANNER. 120856 SCHOLARSHIP FINANCIAL ASSISTANCE X 8 43540 STOCK EXCHANGE false true false SCHEDULE M, PART I, LINE 9(B) NUMBER OF CONTRIBUTIONS OR ITEMS CONTRIBUTED: THE AMOUNT REPORTED REFLECTS THE NUMBER OF CONTRIBUTORS. SCHEDULE M, PART I, LINE 9(D) METHOD OF DETERMINING NONCASH CONTRIBUTION AMOUNTS: THE AMOUNT OF THE GIFT IS EQUAL TO THE AVERAGE OF THE STOCKS HIGH AND LOW VALUE ON THE DAY OF THE GIFT AS MEASURED ON THE STOCK EXCHANGE. FORM 990, PART I, LINE 1 DESCRIPTION OF ORGANIZATION MISSION: (CONTINUED FROM PAGE 1) ... THE UNIVERSITY SEEKS TO EDUCATE ITS STUDENTS SO THEY MAY DEVELOP THE INTELLECTUAL AND MORAL VIRTUES, PREPARE THEMSELVES FOR LIFE AND WORK IN A PROBLEMATIC AND CHANGING WORLD, AND BECOME LEADERS ABLE TO ACT RESPONSIBLY FOR THEIR OWN GOOD AND FOR THE GOOD OF THEIR FAMILY, COMMUNITY, COUNTRY, AND CHURCH. FORM 990, PART III, LINE 4B CONSTANTIN COLLEGE OF LIBERAL ARTS: (CONTINUED FROM PART III) ... The majors are built upon the core and invite students to disciplined inquiry into fundamental aspects of being and of our relation to God, to nature and to fellow human beings. The curriculum as a whole seeks to enable students to achieve the knowledge of nature and the understanding of the human condition necessary for them to comprehend the fundamental character of the world in which they are called to live and work. FORM 990, PART III, LINE 4C BRANIFF GRADUATE SCHOOL: (CONTINUED FROM PART III)... These programs seek to enable students to acquire the knowledge and skills necessary for work in particular fields and to understand the principles of learning and the virtues of mind and heart which are constitutive of excellence in their lifes work. FORM 990, PART III, LINE 4D OTHER PROGRAM EXPENSES: The mission of the Neuhoff School of Ministry is to provide theological education for Transformative service. Neuhoff School of Ministry students, immersed in the Catholic Theological tradition, develop critical skills for theological reflection and receive high quality education and information that is necessary for personal growth, professional ministry and transformative service to the Catholic Church, the broader Christian community and the wider world. The Neuhoff School of Ministry offers practice-oriented programs of theological studies and pastoral ministry including degrees, certificates, conferences, ongoing seminars, lectures and continuing education. FORM 990, PART VI, SECTION A, LINE 1A DELEGATION OF AUTHORITY: THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE BISHOP OF THE ROMAN CATHOLIC DIOCESE OF DALLAS, THE PRESIDENT OF THE UNIVERSITY, THE BOARD CHAIR, THE VICE CHAIR, THE CHAIR OF ALL THE STANDING COMMITTEES AND TWO (2) AT LARGE VOTING MEMBERS OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE SHALL EXERCISE THE POWERS OF THE BOARD OF TRUSTEES IN THE INTERIM BETWEEN BOARD MEETINGS EXCEPT THAT, UNLESS SPECIFICALLY EMPOWERED BY THE BOARD TO DO SO, IT MAY NOT SELL OR ALIENATE THE UNIVERSITY LAND, ALTER BYLAWS, OR APPOINT OR REMOVE THE PRESIDENT OF THE UNIVERSITY OR A MEMBER OF THE BOARD OF TRUSTEES. ALL DECISIONS OF THE COMMITTEE SHALL BE BY MAJORITY VOTE OF THE PARTICIPATING COMMITTEE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW FORM 990: THE FINANCIAL INFORMATION AND SUPPORTING DOCUMENTATION FOR FORM 990 ARE PROVIDED TO THE UNIVERSITY'S TAX ACCOUNTANTS FOR REVIEW AND PREPARATION. A DRAFT OF THE 990 IS REVIEWED BY MANAGEMENT STAFF AND THE CFO AND IS THEN SUBMITTED TO THE AUDIT COMMITTEE FOR THEIR REVIEW. FOLLOWING THE AUDIT COMMITTEE REVIEW, THE FORM 990 IS ELECTRONICALLY SUBMITTED TO EACH MEMBER OF THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C PROCESS USED TO MONITOR AND ENFORCE COMPLIANCE WITH CONFLICT OF INTEREST POLICY: THE UNIVERSITY OBTAINS DOCUMENTATION ON AN ANNUAL BASIS REGARDING POSSIBLE CONFLICTS OF INTEREST FROM EACH TRUSTEE AND OFFICER. TO THE EXTENT A TRUSTEE HAS A CONFLICT, THAT INDIVIDUAL IS NOT ALLOWED TO VOTE ON ANY ISSUE REGARDING THE ITEM IN CONFLICT. FORM 990, PART VI, SECTION B, LINES 15A & 15B PROCESS FOR DETERMINING COMPENSATION: THE UNIVERSITY COLLECTS WAGE AND BENEFIT INFORMATION ON UNIVERSITIES OF SIMILAR SIZE AND STATURE FOR THE PRESIDENT AND OTHER SELECTED OFFICER POSITIONS BASED ON THE INFORMATION IN THE SURVEYED SCHOOLS' FORM 990. THE UNIVERSITY ALSO COLLECTS ANNUAL WAGE AND COMPENSATION INFORMATION FROM THE ANNUAL COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION (CUPA) SURVEY FOR USE IN SALARY DETERMINATIONS. BASED ON THESE SURVEYS, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES APPROVES CHANGES TO THE SALARIES OF DEANS AND ABOVE. RECOMMENDED CHANGES MADE BY THE EXECUTIVE COMMITTEE TO THE PRESIDENT'S SALARY ARE REVIEWED BY THE FULL BOARD OF TRUSTEES. THE REVIEWS ARE DOCUMENTED IN THE EMPLOYEE FILES. FORM 990, PART VI, SECTION C, LINE 19 PROCESS USED TO MAKE DOCUMENTS AVAILABLE TO THE PUBLIC: THE UNIVERSITY DOES NOT MAKE AVAILABLE TO THE PUBLIC ITS FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY OR ITS GOVERNING DOCUMENTS. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS: BOND SWAP LOSS $(367,148) PASS-THROUGH INCOME FROM K-1 $(72,317) ROUNDING $2 --------------- TOTAL $(439,463)